OPEN-SOURCE SCRIPT

RSI Strategy

已更新
This RSI strategy is different than most in that it doesn't pick a buy signal based on the RSI rising above a specific number (usually 30). Instead, it creates a 14 day exponential moving average of the Relative Strength Index and uses the following two conditions together to trigger a buy:

Entry conditions:
  • Condition1: Rising of the RSI's moving average for (user defined) candles in a row
  • Condition 2: The RSI is < 70


The reasoning behind condition 1 is that we are trying to buy into a rising trend, the moving average helps to confirm the trend, whereas the RSI rising above a specific number (usually 30) gives us no real indication that the asset will increase and produces less wins overall. The reasoning behind condition 2 is to avoid buying at the top of a climb.

Exit conditions:
  • Condition 1: The RSI moving average is falling
  • Condition 2: Close < Trailing stop activation Level
  • Condition 3: We have at least (user defined) % profit


The reasoning behind sell condition 1 is a falling RSI moving average (down trend starting). The close has to be under the trailing stop activation level, if we've triggered the trailing stop, we want the trailing stop to do it's job and not exit the trade until the trailing stop takes us out. The reasoning behind condition 3 is to not exit without at least some profit (user defined).
版本注释
Removed old comments from script.
版本注释
Made condition 2 user configurable. Also switched chart to hour candles and modified the strategy's settings accordingly.
版本注释
Updated fee structure to match binance.
版本注释
Spent a little more time updating settings for the chart.
Moving AveragesRelative Strength Index (RSI)

开源脚本

本着真正的TradingView精神,此脚本的作者已将其开源,以便交易者可以理解和验证它。向作者致敬!您可以免费使用它,但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。

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